Infosys has a net profit of 13.99 billion rupees which has ABN AMRO, Goldman Sachs and Philips Electronics among its clients. India's export-driven software service firms who experienced a scorching pace of growth, have been badly hit by a slowdown in their main US market and a spreading financial crisis.

Shares in Infosys, whose takeover bid for British consultancy Axon Group has been upstaged by a counter offer from a smaller Indian rival, fell 19 percent in July-September, worse than a 4.5 percent fall in the main Mumbai index.